Abbreviated Company Accounts - ITA ENTERTAINMENT GROUP LIMITED

ITA ENTERTAINMENT GROUP LIMITED - Company Information

08285085 ITA ENTERTAINMENT GROUP LIMITED 2014-12-31 false 2013-12-01 2014-12-31 true 08285085 2013-12-01 2014-12-31 08285085 2014-12-31 08285085 2013-11-30 08285085 uk-gaap-cd-bus:Director1 2013-12-01 2014-12-31 08285085 uk-gaap-cd-bus:Director2 2013-12-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 iso4217:GBP shares

Registered Number 08285085

ITA ENTERTAINMENT GROUP LIMITED

Abbreviated Accounts

31 December 2014

ITA ENTERTAINMENT GROUP LIMITED Registered Number 08285085

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	30/11/2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	75,000	-
Tangible assets	3	350	-
Investments	4	110	-
		75,460	-
Current assets
Stocks		-	-
Debtors		-	-
Investments		-	-
Cash at bank and in hand		-	300
		-	300
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(20,298)	0
Net current assets (liabilities)		(20,298)	300
Total assets less current liabilities		55,162	300
Creditors: amounts falling due after more than one year		(28,456)	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		26,706	300
Capital and reserves
Called up share capital	5	50,000	300
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(23,294)	0
Shareholders' funds		26,706	300

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2015

And signed on their behalf by:
Martyn Hall, Director

ITA ENTERTAINMENT GROUP LIMITED Registered Number 08285085

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible Assets are depreciated upon a reducing balance upon a monthly basis at the appropriate depreciation rate.
Property when purchased will be depreciated at 2% per annum reducing monthly
Equipment when purchased will be depreciated at 20% per annum reducing monthly
Vehicles when purchased will be depreciated at 25% per annum reducing monthly
Computer Equipment when purchased will be depreciated at 33.33% per annum reducing monthly

Intangible assets amortisation policy
Goodwill will be written off at the earliest opportunity against profits

2Intangible fixed assets

	£
Cost
At 1 December 2013	0
Additions	75,000
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2014	75,000
Amortisation
At 1 December 2013	0
Charge for the year	0
On disposals	0
At 31 December 2014	0
Net book values
At 31 December 2014	75,000
At 30 November 2013	0

Acquired as to £45,000 on 31st December 2013 and £30,000 on 31st December 2014. Asset not put to use during the year. Further acquisition to be made on 31st December 2015 after which the asset will be written off in the following year against profits planned.

3Tangible fixed assets

	£
Cost
At 1 December 2013	0
Additions	370
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2014	370
Depreciation
At 1 December 2013	0
Charge for the year	20
On disposals	0
At 31 December 2014	20
Net book values
At 31 December 2014	350
At 30 November 2013	0

Computer acquisition. Depreciation rate 33.33% Reducing Balance Monthly.

4Fixed assets Investments
100 £1 Ordinary Shares owned in ITA Productions Limited - 100% Subsidiary (Trading)
10 £1 Ordinary Shares owned in Liston Studios Limited - 100% Subsidiary (Dormant)

5Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	30/11/2013 £
50,000 Ordinary shares of £1 each (300 shares for 30/11/2013)	50,000	300

49,700 Ordinary £1 Shares issued in December 2014